268 Hervey Street

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268 Hervey Street

Durham, NY 12423
Asking Price
Contact for price
Asset Type
Commercial Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Commercial land parcel spans 32 acres in Durham, New York.
  • Located within the growing and accessible Catskill region market.
  • Property dimensions support various commercial development and hospitality use cases.
  • Site offers potential for large-scale operations or expansion projects.
  • Regional connectivity facilitates access for both local and transient clients.

What's Special

Development of this 32-acre parcel in Durham, New York, presents a flexible prospect for commercial use. Situated within the Catskill region, this site benefits from a setting characterized by steady regional growth and expanding interest in upstate commercial ventures. The property layout supports a variety of site configurations suitable for projects ranging from hospitality and recreational facilities to logistical or service-oriented business operations. Access to the local area is supported by regional road networks, making it a viable selection for investors or businesses seeking to establish a foothold in a growing market. The substantial acreage provides significant room for building footprints, parking, and landscaping, allowing for substantial control over the development process. Prospective buyers should conduct independent due diligence regarding site-specific entitlements and topographical requirements to confirm the asset aligns with specific development goals. This commercial land offers a clean slate for developers looking to capitalize on the increasing demand for space in the Catskill submarket.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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